Budget

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About the Budget


 The town's budget:
  • Establishes a priority of how funds are allocated between town departments and program areas
  • Is the annual income and spending plan that serves as a road map for the delivery of services to the residents of Shrewsbury
  • Provides an itemized account of planned spending
  • Reflects planned spending to operate the town in the 12 months beginning July 1 of the following year

Click HERE to download the Citizen's Guide to the Budget

Citizens Guide to the Budget Cover Image

Budget Calendar

The Town’s budget operates in a fiscal year format from June 30th to July 1st of the following year
August/September • Identify Goals & Strategic Needs
October • Capital Budget Forms Sent out to Department Heads
• Selectmen Discuss Revenue Trends & Projections

November • Capital Requests Submitted by Department Heads and Reviewed by Town Manager
• Selectmen Discuss Revenue Trend & Projection and set Fiscal Policies
• Town Manager Releases Budget Guidance to Department Heads
• Tax Classification Hearing & Final Tax Rate Set

December • Departmental Budgets are Due to the Town Manager
• Town Manager Develops Operating Budget

January • Selectmen Hold Workshops to Review Available Revenue and Departmental Requests
February • Town Manager Releases Initial Budget (Fiscal Projection 1) and presents to the Finance Committee and Board of Selectmen 
March • Finance Committee Holds a Series of Budget Hearings with Department Heads and Seeks Public Input
April • Finance Committee Holds a Hearing on Annual Town Meeting Articles and the Fiscal Year Budget
• Board of Selectmen & Finance Committee Vote on the Budget (Fiscal Projection 2)

May
• Annual Town Meeting (3rd Monday)
June/July • Current Fiscal Year Ends on June 30th
• New Fiscal Year Begins on July 1st
• State Budget Typically Passed with Final State Aid Numbers (a/k/a “Cherry Sheets”)

  1. FY 2022 Fiscal Projection One

    Attached hereto is the initial financial plan for fiscal year 2022. Read on...
  2. Citizen's Guide to the Budget

    This Citizen’s Guide to the Budget has been developed as part of our continuing efforts to make the Town budget more understandable and accessible. Read on...
  3. Town of Shrewsbury Obtains AAA Bond Rating, $45,690,000 General Obligation Bonds Net 1.418%

    The Board of Selectmen have announced that the Town received competitive bids from bond underwriters on 1/12/2021, for a $45,690,000 20-year bond issue with an average interest rate of 1.418% and a AAA Bond Rating. Read on...
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Fiscal Year 2022 Budget Documents